In a landmark move, GX Group—a homegrown Telecom equipment manufacturer has acquired ‘Ping Communication’ (Switzerland) AG, a renowned broadband and fiber solutions provider part of Norway’s Heimgard Group. GX has taken a significant step in its long-term global strategy with a strategic acquisition aimed at expanding its presence in Europe, the Middle East, and Latin America (LATAM). This move is part of GX’s broader vision, as the company is also in discussions with other potential acquisition partners to further strengthen its international reach.
As part of this initiative, GX is committed to promoting “Make in India” products on a global scale at the same time also introducing European innovative Broadband software solutions to the Indian market. This acquisition reinforces GX’s mission to enhance cross-border trade, innovation, and business synergies, ensuring a stronger and more diversified portfolio for its customers worldwide.
Ping Communication is recognized for its 20-year legacy in delivering broadband gateways, VoIP adapters, fiber CPEs, and remote monitoring and management systems. Currently one of the largest volume suppliers in the LATAM Broadband equipment market, with a strong presence across the region, notably serving top-tier accounts like TELMEX and América Móvil (AMX).
On acquisition of Ping Communication by GX Group- Mr. Trond Hovind, CEO, Ping Communication and Investor Eltek Holding AS Mr. Lars Jervan, CEO,“This acquisition marks a significant milestone for both GX and Ping Communication. By combining GX’s Made-in-India product expertise and AI-driven network management with Ping Communication’s robust R&D, sales force, and LATAM market leadership, we’re creating a powerful synergy that will redefine telecom solutions across emerging markets.”
India’s Production-Linked Incentive (PLI)scheme has played a pivotal role in enabling GX’s rapid scale-up. By incentivizing local manufacturing and investment, the scheme has strengthened GX’s operational base, making this strategic move both timely and sustainable.
Commenting on the acquisition- Mr Paritosh Prajapati, CEO, GX Group, said, “This acquisition is a key milestone in our ‘Make in India for the World’ journey,” said Paritosh Prajapati , CEO, GX International Group. “LATAM is one of the high-volume FTTH markets after Asia, and this move positions GX to become a dominant force. With economies of scale, local expertise, and advanced AI technology, we aim to lead the market with high quality, cost-effective solutions.”The acquired entity will significantly boost GX’s end-to-end in-home broadband solution portfolio across residential and enterprise broadband, hospitality, and cloud-managed services. This acquisition aligns with GX’s commitment to expanding its technological capabilities and providing seamless, high-quality solutions to its growing domestic and global customer base.”
He further added, ““This is a major step in our vision of building Make in India for the World, and stepping into the LATAM market which is one of the highest volume markets after Asia. Combining the expertise and experience we see a major economic scale benefit supporting larger accounts with high quality This signifies the grand vision of ‘build in India for the world’,” said Paritosh Prajapati, CEO, GX International Group.”
KEY Highlights : LATAM FTTH Market Opportunity
- Current Homes Passed: 111 million
- Expected by 2027: 134 million
- Growth: +23 million homes
- FTTH Equipment + SaaS Market: $5–8 billion
- Total Fiber Investment: ~$30 billion
- Key Buyers: TELMEX, América Móvil, Telefónica (Movistar/Vivo), TIM Brasil, Millicom (Tigo)
This deal places GX at the forefront of the LATAM broadband revolution, with WiFi 6/7, cloud-managed CPE, and AI-powered OSS platforms set to be deployed across open access and private operator networks. The acquisition aligns with broader geopolitical trends, where demand is shifting away from Chinese vendors toward trusted, secure, and scalable alternatives.
Also, it would open up a major market for ‘Made-In-India’ products in Latin America, widening India’s global reach in the communication equipment market with high-quality, cost-effective telecom solutions. It will enable GX to redefine connected home solutions, delivering the most advanced, secure, and user-friendly networking technologies to households and enterprises. By leveraging Ping Communication’s expertise in AI-driven telecom solutions, GX will set new standards for network security, performance, and user experience into the LATAM and global markets. A market leader in the Fiber-to-the-Home space for about 20 years, GX Group would be able to integrate its state-of-the-art technology and equipment with Ping’s AI-backed solutions, bringing about a revolution in the communications sphere globally.
The Latin American telecom market is rapidly growing with robust demand for mobile data, 4G, and 5G services, wherein GX would play a key role. Other key segments which would be able to experience the state-of-the-art offerings of GX Group are, WiFi 6 and 7 and the AI-driven network management for enterprise and residential sectors.
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